When times are bad, repo men benefit. When times are really bad, repo men benefit and turn their job into a TV show.
“Dirty Jobs” exec producer Craig Piligian has nabbed the rights to turn the dangerous work of airplane repo man Nick Popovich into a TV series.
Popovich is the co-partner of Sage-Popovich, a repossession firmthat specializes in taking back big-ticket items — mostly airplanes.According to a recent profile of Popovich by Salon.com, the company’sclients include Citibank, Transamerica and Credit Suisse, and the firm nets $600,000-$900,000 per job.
Popovich’sbusiness is booming in this weak economy, as he travels the globe tograb Gulfstreams, Learjets and even 747s from cash-strapped owners whohave defaulted on their payments.
“Every case is different,”Piligian said. “Maybe it’s a small airline in Scandinavia that bought a747. He has to figure out how to get past airline security and grab theplane. He plans it like a military operation. Sometimes he’s indisguise. Often it gets a little hairy.”